this post was submitted on 26 Oct 2023
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Apple jacks prices to juice profits because $19.3B a quarter isn't enough (www.theregister.com)
submitted 1 year ago by throws_lemy@lemmy.nz to c/technology@lemmy.world
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[โ€“] PersonalDevKit@aussie.zone 87 points 1 year ago* (last edited 1 year ago) (1 children)

The stock price will fall if we don't make more money then we did last year.

  • But why?

Because we are legally obliged to do what is best for shareholder, or they can sue us.

  • Right so the company needs to make more money again and again and again until the company or the world dies

About sums it up

[โ€“] Immersive_Matthew@sh.itjust.works 17 points 1 year ago

Accurate. The laws need to find a balance as I get shareholders who took a risk on business would like to see a return, but it is way too slanted to the point that the risk is on our entire society. We need people to be in those laws not just shareholders.